1705 Ocean Dr - Hospitality FOR SALE


Vero Beach, FL 32963
$4,500,000 USD
772-589-7777
1705 Ocean Dr, Vero Beach, FL for Sale
$4,500,000 USD
Hospitality - FOR SALE
1/13
null | Request Cap Rate

1705 Ocean Dr
Vero Beach, FL 32963


OVERVIEW

Prime Opportunity in Prime location. Motel is located across the street from Public Beach access. Time and money has been invested in this Motel to make it perform like a well oiled Machine. There have been many meticulous upgrades to each unit to bring out the beach feel for valued Guests. A new roof, Upgraded Main Electric panel, updated Billing system and other upgrades help the Staff operate efficiently with out needing the owner to be present. 19 units with 1 unit being used for on site staffer for assistance to operate at all hours. Owner financing available for qualified buyers.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$515 USD /SF

# OF ROOMS

18

PRICE/ROOM

$250,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

South Beach Place

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1956

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,958 SF

ZONING

RM-10

APN/PARCEL ID

33-40-05-00009-0030-00018.0

ASK ABOUT THIS PROPERTY

Jimmy PhippsColdwell Banker ParadiseMore Info
772-589-7777

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Jimmy PhippsColdwell Banker ParadiseMore Info
772-589-7777

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.